Clarity Act Could Reshape U.S. Finance as Coinbase Cites $100 Million New Revenue Run Rate
Updated
Updated · Fox Business · May 13
Clarity Act Could Reshape U.S. Finance as Coinbase Cites $100 Million New Revenue Run Rate
6 articles · Updated · Fox Business · May 13
A Senate crypto bill nearing a potential floor vote in coming months could change how Americans use money and markets, Coinbase CEO Brian Armstrong said, framing the latest draft as a major step toward clearer digital-asset rules.
The revised Clarity Act reflects concessions from both crypto firms and banks, he said, including a compromise that would allow stablecoin rewards only when an account shows material activity and add protections for software developers.
Armstrong said the legislation could speed up and lower the cost of financial services as banks increasingly add stablecoins and other digital-asset offerings in response to rising customer and institutional demand.
Coinbase is already pushing beyond trading into payments, subscriptions and prediction markets, businesses Armstrong said have reached about a $100 million revenue run rate after just two months.
The debate comes as Washington races to set U.S. crypto rules while firms such as Coinbase expand into tokenization and broader digital-finance services.
The Clarity Act is called a compromise, but who really wins in the battle over stablecoin yields?
With AI agents projected to transact trillions, how will the Clarity Act govern this new autonomous economy?
As banks and crypto merge under the new law, what happens to consumer protections and deposit insurance?